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AC 425 Advanced Accounting II
Cookinham, John,, III


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

AC 425 Advanced Accounting II

Semester

F2J 2009 PV

Faculty

Cookinham, John,, III

Title

Assistant Professor of Accounting

Degrees/Certificates

B. S. University of Rhode Island
MBA, Kelley School of Business, Indiana University
Certified Management Accountant

Office Location

MacKay Hall 24D

Office Hours

Office Hours: Monday 1:30-2:00, T 11:30-2:00, W 9:00-12:00

Daytime Phone

816-584-6557

E-Mail

john.cookinham@park.edu

Semester Dates

10/20/08-12/13/08

Class Days

-M-----

Class Time

5:30 - 9:50 PM

Prerequisites

AC 420 and CS 140

Credit Hours

3


Textbook:
Fischer, Taylor, Cheng, Advanced Accounting,
Southwestern Publishing Co., 10th Edition ISBN 13: 978-0-324-37905-1

Textbooks can be purchased through the MBS bookstore

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:
None

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


Course Description:
AC425 Advanced Accounting II: Continuation of AC420. Course includes consolidated financial statements, and fund accounting. Prerequisite: AC420 and CS140 or equivalent. 3:0:3

Educational Philosophy:

EDUCATIONAL PHILOSOPHY:
My primary belief is that teaching is a true test of scholarship and that a teacher should provide a classroom environment that is conducive to encouraging students to express their ideas and actively participate in the learning process. The concept that each student is responsible for learning in the class and should enjoy the interaction in the classroom is key to this belief. The student should be academically challenged by the intellectual discussion of the course material and be able to comprehend its value as part of preparation for life and a successful career. I want to have the student complete a course of instruction and feel that the knowledge gained is worthwhile and will contribute to their success in achieving their goals.

I also believe that an effective teacher has a complete knowledge of the subject matter being taught as well an understanding of the underlying pedagogical theory. It is the teacher’s responsibility to remain current in their field of expertise by reviewing current literature, attending conferences,
maintaining memberships in appropriate professional organizations and consulting with colleagues. A teacher must not only know the subject matter, but the best way to present the subject matter to the students to stimulate their though process. The student should be encouraged to seek external sources to further their knowledge.

In addition, I believe that an effective teacher should attempt to gain an understanding of each student’s capabilities and their level of knowledge that they bring into the classroom. Each student should be encouraged to gain additional skills and develop new insights. As each student is different and various teaching techniques should be employed to reach out and facilitate the learning process. A relationship should be built that emphasizes trust and a commitment to the learning process. The student should feel that a partnership does exist with the teacher and that mutual respect is a key to success in the classroom. The teacher must be committed to the success of each student insure that the teacher is available to the student outside of class.

In summary, I want the student to leave my classes with the following thoughts:

The teacher personally cared for me as an individual and appreciated my understanding of the subject matter.

My contributions to the classroom discussions and the subject were valued.

The classroom environment encouraged my responsibility for learning the subject matter.

The material is important and will be a factor in my success in life.

Learning Outcomes:
  Core Learning Outcomes

  1. Prepare corporate consolidated financial statements.
  2. Prepare elimination entries for inter-company transactions.
  3. Journal financial transactions for non-profit organizations.
  4. Prepare financial statements for non-profit organizations.
  5. Prepare budgets and analyses for non-profit organizations.
  6. Analyze and critique a local government's financial statements.


Core Assessment:

The test examines each learning outcome with 20 questions. Eighteen multiple-choice questions will be based upon a distribution of critical thinking concepts applied to a learning outcome. Two questions will examine a communication/ writing component. Each question will be weighted as 5 points. 

Link to Class Rubric

Class Assessment:
The class will be assessed by using graded homework, two one hour exams, short report on Government Funds and a Final Exam.

Grading:

Homework Problem 2-8                2.5%
Homework Problem 3-1                2.5%
1st Hour Exam                             25.0%
Homework Problem 6-1                 2.5%
Homework Problem.8-1                 2.5%
2nd Hour Exam                            25.0%
Governmental Fund Reports         10.0%
Final Exam                                   30.0%
Total                                           100.0%

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:
Any materials that are handed in late (this is any time after the class period when they are due) will be penalized 10 points per day. No assignments will be accepted after the last day of class.

Classroom Rules of Conduct:
Students are expected to arrive in the classroom before the class starts. Class disruptions from cell phones, pagers or any other device will not be allowed.
During exams, all cell phones etc. must be turned off. Any student using a cell phone, palm pilot, pager etc. will be asked to turn in their paper immediately and will be give a grade of “0” for that exam

Course Topic/Dates/Assignments:

TOPIC READ PREPARE
Introduction to Business Combinations  Chpt. 1 Q-2, Q-5, P-1, P-2, P-4
Consolidated Statements at Acquisition Chpt. 2 Q-1, Q-2, P-1, P-2
Consolidated Statements Subsequent to Acquisition  Chpt. 3 Q-1, Q-2, Q-6, P-2, P-3, P-4
Intercompany Transactions: Merchandise, Plant Assets, and Notes  Chpt. 4 Q-1, Q-3, Q-6, E-5, E-11, P-2
First Hour Exam Chpts. 1-4
Intercompany Transactions: Bonds & Leases  Chpt. 5 Q-1, Q-6, E-7, E-8, P-6
Cash Flow, EPS, Taxation and Unconsolidated Investments Chpt. 6 Q-1, Q-2, Q-4, E-1, E-5
Special Issues in Accounting for an Investment in a Subsidiary  Chpt. 7 Q-1, Q-4, E-2, E-3, P-3
Subsidiary Equity Transactions: Indirect and Mutual Holdings  Chpt. 8 Q-2, Q-3, Q-4, E-5, P-5
Second Hour Exam Chpts. 5-8
Governmental Accounting: The General Fund and the Account Groups Chpt. 15 Q-1, Q-3, Q-5, E-1, E-8, P-5
Governmental Accounting: Other Government Funds, Proprietary Funds and Fiduciary Funds Chpt. 16  Q-4, Q-7, Q-8, E-1, P-6, P-16
Governmental Accounting: Financial Reporting Issues Chpt. 17 Q-2, Q-3, Q-4, P-1, P-6
Accounting for Not-for-Profit Organizations Chpt. 18 Q-1, Q-4, Q-5, E-2, P-1, P-6
Accounting for Not-for-Profit Colleges and Universities and Health Care Organizations  Chpt. 19  Q-2, Q-6, E-3, E-8, E-11
Final Exam-All Previous Chapters

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2008-2009 Undergraduate Catalog Page 87

Plagiarism:
Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2009-2010 Undergraduate Catalog Page 92

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2009-2010 Undergraduate Catalog Page 95

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .



Rubric

CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
Evaluate and define accounting concepts identified by:                                                                                                                                                                                                     
Outcomes
2,3,4,5,6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
100-80 %
 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
60-79%
 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
50-59%
 
Evaluate and define the accounting transaction(s) in order to record, adjust or correct per Generally Accepted Accounting Principles
Q1, Q4, Q8, Q12, Q15
Less than 50%
 
Synthesize data to produce a logical flow of informational reporting  per established accounting rules and standards                                                                                                                                       
Outcomes
2,3,4,5,6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Assemble the correct and ethical accounting treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
100-80 %
 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
60-79%



 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
50-59%
 
Assemble the correct and ethical accounting  treatment for given transactions in order to produce accurate financial statements per Generally Accepted Accounting Principles
Q3, Q6, Q7, Q11, Q14
Less than 50%
 
Analysis of transactional data                                                                                                                                                                                                                             
Outcomes
2,3,4,5,6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
100-80 %
 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
60-79%
 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
50-59%
 
Analyze accounting transactions recorded in the book of original entry and adjust, record or post to prepare accurate financial statements per Generally Accepted Accounting Principles
Q2, Q5, Q9, Q10, Q13
Less than 50%
 
Application of established rules and logic per regulatory and commercial standards                                                                                                                                                                         
Outcomes
1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Demonstrate and interpret accounting data for preparing corporate consolidated financial statements order to produce accurate Balance Sheets and Income Statements per Generally Accepted Accounting Principles
Q16, Q17, Q18
100-80 %
 
Demonstrate and interpret accounting data for preparing corporate consolidated financial statements order to produce accurate Balance Sheets and Income Statements per Generally Accepted Accounting Principles
Q16, Q17, Q18
60-79%
 
Demonstrate and interpret accounting data for preparing corporate consolidated financial statements order to produce accurate Balance Sheets and Income Statements per Generally Accepted Accounting Principles
Q16, Q17, Q18
50-59%
 
Demonstrate and interpret accounting data for preparing corporate consolidated financial statements order to produce accurate Balance Sheets and Income Statements per Generally Accepted Accounting Principles
Q16, Q17, Q18
Less than 50%
 
Content of Communication written essay                                                                                                                                                                                                                     
Outcomes
1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to
preparing corporate consolidated financial statements
Question 20
100-80 %
 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to preparing corporate consolidated financial statements
Question 20
60-79%
 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to preparing corporate consolidated financial statements
Question 20
50-59%
 
Assess the student's ability to understand and communicate/ write the reasoning for knowledge acquired through out the course as it relates to preparing corporate consolidated financial statements
Question 20
Less than 50%
 
Technical Skill in Communicating written essay                                                                                                                                                                                                             
Outcomes
4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions
Question 19
100-80 %
 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions
Question 19
60-79%
 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions
Question 19
50-59%
 
Demonstrate the knowledge and skill to evaluate, apply and discuss accounting solutions
Question 19
Less than 50%
 
First Literacy Technical knowledge and application                                                                                                                                                                                                         
Outcomes
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
Student will demonstrate an advanced accounting knowledge within the scope of AC 425 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
100-80 %
 
Student will demonstrate an advanced accounting knowledge within the scope of AC 425 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
60-79%
 
Student will demonstrate an advanced accounting knowledge within the scope of AC 425 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
50-59%
 
Student will demonstrate an advanced accounting knowledge within the scope of AC 425 to assist them in performing their job functions or enhancing their accounting knowledge
Overall Score
Less than 50%
 

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Last Updated:10/7/2009 9:32:26 PM